| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w3764 |
| 来源ID | Working Paper 3764 |
| Learning and Wage Dynamics | |
| Henry S. Farber; Robert Gibbons | |
| 发表日期 | 1991-07-01 |
| 出版年 | 1991 |
| 语种 | 英语 |
| 摘要 | We develop a dynamic model of learning and wage determination: education may convey initial information about ability, but subsequent performance observations also are informative. Although the role of schooling in the labor market's inference process declines as performance observations accumulate, the estimated effect of schooling on the level of wages is independent of labor-market experience. In addition: time-invariant variables correlated with ability but unobserved by employers are increasingly correlated with wages as experience increases; wage residuals are a martingale; and wage cuts -are not rare, even for workers who do not change jobs. We present evidence from the National Longitudinal Survey of Youth that is generally consistent with all four of the model's predictions. We conclude that a blend of the learning model with an on-the-job-training model is more plausible than either model alone. |
| 主题 | Labor Economics |
| URL | https://www.nber.org/papers/w3764 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/561086 |
| 推荐引用方式 GB/T 7714 | Henry S. Farber,Robert Gibbons. Learning and Wage Dynamics. 1991. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w3764.pdf（1565KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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